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Crypto Market Update (08 November 2018)

November 8, 2018


General Market Outlook


The market dropped somewhat, with nearly all coins are in the red and trading volume slowing to $13 billion in 24 hours. Eternal Token (XET) and Wax (WAX) are the major stand outs of the top 100 coins by market cap - up over 46% and 15% respectively in the past 24 hours. The value of Bitcoin (BTC) is right at $6,450 for -1.0% and a total market dominance of about 52.1%, and the value of Ethereum (ETH) is nearly at $215 for -2.0?% change in the past 24 hours. Market cap for the overall cryptocurrency lost about $4 billion, falling to around $215 billion total.



Major Headlines


eToro’s Platform For Economic Disparity


GoodDollar is the newest release from the popular UK investment platform eToro. The company was an early adopter of Bitcoin investment products, adding their first in 2014. Earlier this year they completed a funding round of $100 million, and appear to be putting the influx to work. They have put $1 million into the new project so far, and are seeking additional input. The company presented at Web Summit this week in Portugal, where they announced GoodDollar. The platform is focused on providing the necessary tools someone without a bank would need to participate in the cryptocurrency community. These decentralized networks allow individuals to serve as their own banking service, sending and receiving payments, and a way to store value securely on the internet. GoodDollar is designed only for non-speculative cryptocurrencies.


U.S. Elects Cryptocurrency Friendly Individuals


Midterm elections are wrapping up in the United States, where many peple running for public office were open about their support for cryptocurrencies. The Digital Asset Trade Association (DATA) tracks the stance of people involved in governments around the world to use for their overall advocacy of blockchain technology. Overall, three new governors and two incumbent are ranked as very crypto-friendly. They include Jared Polis (Colorado) and Gavin Newsom (of California), Mark Gordon (Wyoming), Gina Raimondo (Rhode Island) and Greg Abbott (Texas). These public officials are aware of the impressive potential of cryptocurrencies and blockchain technology, although the U.S. has lagged behind many other countries in their regulatory understanding and integration for the technology.


SIM Swapping


A form of theft of cryptocurrency has become a primary issue in the U.S. state of California. SIM swapping is the process of hijacking the SIM card in a mobile device remotely. To do this, the hacker has to gain access to personal information from the network that supports their SIM card and phone service. They then attempt to find and use any cryptocurrency login details or wallet passwords.




Top 5 Gainers


Nerva (XNV) +72.30% at $0.354655

CrypticCoin (CRYP) +58.06% at $0.005724

Origin Sport (ORS) +55.30% at $0.021933

Gene Source Code Chain (GENE) +51.15% at $0.008240

Peerplays (PPY) +50.66% at $1.57



Top 5 Losers


Nerves (NER) -82.80% at $0.000191

Agrolot (AGLT) -49.73% at $0.086173

VisionX (VNX) -44.47% at $0.009278

KWHCoin (KWH) -34.48% at $0.005210

Sp8de (SPX) -30.86% at $0.000083



New Coins Listed


Veros (VRS) listed to BiteBTC

0x (ZRX) listed to Biztranex

BTC Lite (BTCL) listed to Raisex

MatrexCoin (MAC) listed to Crex24



By: BGN Editorial Staff


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